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Palo Pinto 76449
705 Bay Hill Drive
$370,000
● House - Off Market

705 Bay Hill Drive

Possum Kingdom Lake, TX 76449
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,197 Ft²
$532,828
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Tranquility awaits. This attractive and functional home offers great privacy in a peaceful setting. Good looking 2 story w ample space for friends and family. Lower level living, comfortably appointed, boasts vaulted ceilings, handsome stone fireplace and gorgeous wood look tile. Open kitchen dining area is bright and meticulously kept. Beautiful granite, tons of cabinet space and access to private patio. Large utility w sink. Upper area Master suite amply sized w sitting area, large walk in closet and en suite bath. Flex room for office or additional bdrm.  Generous balcony for star gazing or enjoying the lake views. Fabulous valley view from the front patio- you can see for miles! Furnished and ready to enjoy
Unit Size
2,197 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$177
Property Type
House
Property Taxes
$426
HOA Dues
$88
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14282676)

Price History

Date / Event Date Event Price
Aug 31, 2020 Sold
Premium
Sold
Feb 15, 2020 Listed by Coldwell Banker Realty $389,000
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 580
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,498
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,197
  • Gross Building Area: 2,197
  • Building Area: 2,197
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,197
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLIFFS PHASE I
  • Land Acres: 0000000241
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: CLIFFS PHASE I LOT 128 G#C0250-01-01280-000-00-0

Neighborhood

  • School District Name: Palo Pinto Independent School District
  • School Tax School District: PPI HPD ESD1
  • Census Tract: 000200

Geography

  • Account Number: R000012238
  • Subdivision Phase Number: 1
  • Parcel: 110242270
  • Lot: 128
  • Municipality: GRAFORD
  • Latitude: 32.8556
  • Longitude: -98.4233

    Address

  • Full Address: 705 Bay Hill Dr
  • Address - House Number: 705
  • Address - Street Name: Bay Hill
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Graford
  • Carrier Code: H051
  • 4-Digit Zip Code: 5005
  • Zip Code: 76449

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $394,305
  • Tax Rate Code Area: CAD 182 PP

    Appraisal Valuation

  • Standard Deviation: 0.4582
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 8
  • Final Value: 274,315
  • High Value: 400,026
  • Low Value: 148,603

    Market Valuation

  • Market Total Value: $384,850
  • Market Land Value: $19,460
  • Market Improvement Value: $365,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $384,850
  • Assessed Land Value: $19,460
  • Assessed Improvements Value: $365,390

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2020-00004907
  • Previous Sale Recording Date: Jul 11, 2016
  • Previous Sale Contract Date: Jul 08, 2016
  • Previous Sale Amount: $326,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Palo Pinto

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

87

Average Home Size

2282 ft²

Average Home Age

-

Currently For Sale

292 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Valerie Klapper, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14282676
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 705 Bay Hill Drive built and last sold?
The property at 705 Bay Hill Drive was built in 1995 and last sold on Aug 28, 2020 for $439,400.
How much is this home worth?
The estimated value of the home located at 705 Bay Hill Drive is $0.
What are some comparable homes to 705 Bay Hill Drive?
There are currently no comparable homes to 705 Bay Hill Drive.
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